Pacifica Partners Inc. Has $707,000 Position in Caterpillar Inc. (NYSE:CAT)

Pacifica Partners Inc. lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,807 shares of the industrial products company’s stock after purchasing an additional 28 shares during the period. Pacifica Partners Inc.’s holdings in Caterpillar were worth $707,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Waterloo Capital L.P. acquired a new position in Caterpillar in the 4th quarter valued at about $355,000. Personal CFO Solutions LLC boosted its holdings in Caterpillar by 13.1% in the 4th quarter. Personal CFO Solutions LLC now owns 1,419 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 164 shares during the period. XML Financial LLC lifted its holdings in shares of Caterpillar by 0.8% during the 4th quarter. XML Financial LLC now owns 6,858 shares of the industrial products company’s stock worth $2,028,000 after acquiring an additional 53 shares during the period. Regal Investment Advisors LLC lifted its holdings in shares of Caterpillar by 4.9% during the 4th quarter. Regal Investment Advisors LLC now owns 3,824 shares of the industrial products company’s stock worth $1,131,000 after acquiring an additional 179 shares during the period. Finally, Visionary Wealth Advisors lifted its holdings in shares of Caterpillar by 3.2% during the 4th quarter. Visionary Wealth Advisors now owns 3,295 shares of the industrial products company’s stock worth $974,000 after acquiring an additional 101 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the transaction, the director now owns 2,842 shares of the company’s stock, valued at $962,272.78. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the transaction, the insider now owns 33,442 shares of the company’s stock, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,668 shares of company stock worth $2,665,760. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the subject of several research reports. Citigroup initiated coverage on shares of Caterpillar in a research note on Wednesday, June 26th. They issued a “buy” rating and a $380.00 price objective for the company. Barclays upped their price target on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Raymond James began coverage on shares of Caterpillar in a research report on Friday, June 28th. They issued a “market perform” rating for the company. Evercore ISI decreased their price objective on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Finally, Bank of America increased their target price on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $339.94.

Caterpillar Stock Up 0.3 %

CAT opened at $398.12 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78. The company’s 50-day moving average is $351.52 and its 200 day moving average is $347.99. Caterpillar Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $401.17. The firm has a market capitalization of $194.70 billion, a P/E ratio of 17.97, a PEG ratio of 1.73 and a beta of 1.10.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The business had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.91 billion. During the same quarter last year, the company posted $5.55 earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. Research analysts expect that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.

Caterpillar declared that its board has approved a share repurchase plan on Wednesday, June 12th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 12.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.